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In this study, 2015 has been considered as the base year, and 2016 to 2021 as the forecast period, for estimating the market size of suspension system market.

The objective of the report is to analyze and forecast the market segments with respect to four regions, market segments based on system type, architecture type, damping type, components and vehicle type. In the report, detailed information regarding drivers, restraints, opportunities, industry specific challenges, burning issues, PEST analysis, value chain analysis and PLC analysis has been provided. The major suspension system players, their developments has been studied in the report.

The research methodology used in the report involves various secondary sources including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the suspension system market. The bottom-up approach has been used to estimate the market size, in which country-wise vehicle production statistics has been taken into account for each vehicle type.

In order to arrive at the market size, in terms of volume for suspension system, model mapping has been done. The mapping for the suspension system has been conducted according to market segments - namely, architecture, damping, system, air suspension, and leaf spring market. The penetration is then multiplied by vehicle production numbers to get the country-level suspension system market volume. This country-wise suspension system market size, in terms of volume, for each vehicle type is then multiplied with the country-wise average OE price of suspension systems. This results in the country-wise market size, in terms of value. The summation of the country-wise markets gives the regional market and further summation of the regional markets provides the automotive suspension system market. Model mapping for air suspension and leaf spring suspension types has been done separately to find the market by region.

The automotive suspension system ecosystems consists of manufacturers such as Continental AG (Germany), Tenneco (U.S.), and ZF Friedrichshafen AG (Germany), automotive original equipment manufacturers (OEM) such as Toyota Motor Corporation (Japan), Honda Motor Co. Ltd. (Japan) Volkswagen AG (Germany) and Ford Motor Company (U.S.), research institutes such as The Automotive Research Association of India (ARAI), European Automotive Research Partners Association (EARPA), & The United States Council for Automotive Research (USCAR) and regional automobile associations such as China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), & European Automobile Manufacturers Association (ACEA), among others.

Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years (depends on range of forecast period) for prioritizing the efforts and investments

6 Automotive Suspension System Market, By System Type, Vehicle Type and Region6.1 Introduction6.1.1 Asia-Oceania Suspension System Market, By System and Vehicle Type6.1.1.1 China Suspension System Market, By Vehicle and System Type6.1.1.2 India Suspension System Market, By Vehicle and System Type6.1.1.3 Japan Suspension System Market, By Vehicle and System Type6.1.1.4 South Korea Suspension System Market, By Vehicle and System Type6.1.1.5 Rest of Asia-Oceania Suspension System Market, By Vehicle and System Type6.1.2 Europe Suspension System Market, By Vehicle and System Type6.1.2.1 Germany Suspension System Market, By Vehicle and System Type6.1.2.2 France Suspension System Market, By Vehicle and System Type6.1.2.3 U.K. Suspension System Market,By Vehicle and System Type6.1.2.4 Spain Suspension System Market, By Vehicle and System Type6.1.2.5 Rest of Europe Suspension System Market, By Vehicle and System Type6.1.3 North America Suspension System Market, By Vehicle and System Type6.1.3.1 U.S. Suspension System Market , By Vehicle and System Type6.1.3.2 Mexico Suspension System Market, By Vehicle and System Type6.1.3.3 Canada Suspension System Market, By Vehicle and System Type6.1.4 Rest of the World (RoW) Suspension System Market , By Vehicle and System Type6.1.4.1 Brazil Suspension System Market, By Vehicle and System Type6.1.4.2 Russia Suspension System Market, By Vehicle and System Type6.1.4.3 South Africa Suspension System Market, By Vehicle and System Type6.1.4.4 Rest of RoW Suspension System Market , By Vehicle and System Type

10 Automotive Air Suspension System Market, By Region10.1 Introduction10.2 Global Air Suspension System Market, By Region10.3 Passenger Car Air Suspension System Market, By Region10.4 Light Commercial Vehicle Air Suspension System Market, By Region10.5 Heavy Commercial Vehicle Air Suspension System Market, By Region

FEATURED COMPANIES

The suspension system market size is projected to grow at a CAGR of 5.11% during the forecast period, to reach USD 67.22 Billion by 2021. Increasing demand for riding comfort, stability, better cornering, safety, luxury, technological advancements, along with stringent emission regulations and fuel efficiency standards enforced by the different legislative bodies across the globe are driving the suspension system market. The increasing disposable income and improving standard of living of customers have raised the demand for luxury cars, which in turn, drives the demand for advanced suspension systems.

The semi-active/active suspension system market is the highest growing system type in the suspension system market. It is projected to grow at a promising CAGR from 2016 to 2021. Semi-active/active suspension systems achieve better ride comfort with superior vibration control. Unlike passive suspension systems, semi-active/active suspension system have the potential to provide both improved ride quality and handling performance with the help of better braking and cornering.

The suspension system market, by architecture is led by semi-independent/independent architecture type during the forecast period. Semi-independent/independent architecture damps the vibrations more effectively, providing better comfort and road handling. The major types of semi-independent/independent suspensions are MacPherson strut and double wishbone.

Asia-Oceania is estimated to be the largest market for the suspension system market during the forecast period. It is estimated that the Asian automotive market will see strong growth over the next five years with China reaching the size same as that of Japan. The increasing purchasing power and lenient trade policies increase the demand for automobiles in Asia-Oceania. Owing to easy availability of resources, labor and low cost of production, many automotive suppliers are moving their R&D and manufacturing units to Asia-Oceania.

The key factors restraining the growth of the suspension system market include high adoption and overall cost of advanced suspension systems. The advanced suspension systems consists of actuators, sensors, ECUs and other components which leads to increased cost of such systems.

The suspension system market is dominated by major players such as ZF Friedrichshafen AG (Germany), Tenneco Inc. (U.S.), KYB Corporation (Japan), Continental AG (Germany), Magneti Marelli S.p.A (Italy) along with regional suppliers. These companies have been focusing on developing new products and forming partnerships and collaborations with key organizations to expand their presence in the automotive suspension system market. ZF Friedrichshafen AG is currently the market leader and has adopted expansion as the key strategy to gain the traction in the market. For instance.

ZF Friedrichshafen AG has established its extended R&D Center in Plzen, in the Czech Republic. The new location has a workforce of 250 employees who will be engaged in development services for the ZF Group and its divisions.

In this study, 2015 has been considered as the base year, and 2016 to 2021 as the forecast period, for estimating the market size of suspension system market.

The objective of the report is to analyze and forecast the market segments with respect to four regions, market segments based on system type, architecture type, damping type, components and vehicle type. In the report, detailed information regarding drivers, restraints, opportunities, industry specific challenges, burning issues, PEST analysis, value chain analysis and PLC analysis has been provided. The major suspension system players, their developments has been studied in the report.

The research methodology used in the report involves various secondary sources including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the suspension system market. The bottom-up approach has been used to estimate the market size, in which country-wise vehicle production statistics has been taken into account for each vehicle type.

In order to arrive at the market size, in terms of volume for suspension system, model mapping has been done. The mapping for the suspension system has been conducted according to market segments - namely, architecture, damping, system, air suspension, and leaf spring market. The penetration is then multiplied by vehicle production numbers to get the country-level suspension system market volume. This country-wise suspension system market size, in terms of volume, for each vehicle type is then multiplied with the country-wise average OE price of suspension systems. This results in the country-wise market size, in terms of value. The summation of the country-wise markets gives the regional market and further summation of the regional markets provides the automotive suspension system market. Model mapping for air suspension and leaf spring suspension types has been done separately to find the market by region.

The automotive suspension system ecosystems consists of manufacturers such as Continental AG (Germany), Tenneco (U.S.), and ZF Friedrichshafen AG (Germany), automotive original equipment manufacturers (OEM) such as Toyota Motor Corporation (Japan), Honda Motor Co. Ltd. (Japan) Volkswagen AG (Germany) and Ford Motor Company (U.S.), research institutes such as The Automotive Research Association of India (ARAI), European Automotive Research Partners Association (EARPA), & The United States Council for Automotive Research (USCAR) and regional automobile associations such as China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), & European Automobile Manufacturers Association (ACEA), among others.

Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years (depends on range of forecast period) for prioritizing the efforts and investments